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Unitech Has the Following Inventory Information

Question 170

Multiple Choice

Unitech has the following inventory information. Unitech has the following inventory information. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is A) $580. B) $620. C) $1,380. D) $1,420. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is


A) $580.
B) $620.
C) $1,380.
D) $1,420.

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